Curated News
By: NewsRamp Editorial Staff
December 03, 2024

Everclear DAO Approves Token Migration and New Tokenomics

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Source News Release

TLDR

  • Everclear's Mainnet Beta performance achieves low transaction fees and high netting rates, giving a significant advantage to users.
  • Everclear's vbCLEAR model creates a marketplace for chains to incentivize solver support, reducing complexity and securing bridge support efficiently.
  • Everclear's approval of new tokenomics and a token migration aims to create a sustainable, decentralized system and reward active participants, making the world a better place.
  • Everclear's innovative approach to netting and settlement reduces costs and complexity for cross-chain operations, powering the next generation of blockchain interoperability.

Impact - Why it Matters

The approval of these proposals represents a crucial step toward creating a sustainable, decentralized system that efficiently coordinates global settlement while rewarding ecosystem participants. The new tokenomics and token migration from NEXT to CLEAR are set to significantly reduce costs and complexity for crosschain operations, ultimately impacting the entire blockchain ecosystem and its participants.

Summary

The Everclear community has approved pivotal proposals to introduce new tokenomics and a token migration from NEXT to CLEAR, demonstrating the protocol's potential to significantly reduce costs and complexity for crosschain operations while increasing solver capital utilization compared to existing protocols. The new tokenomics include a vote-bonding system designed to incentivize ecosystem growth and reward active participants, along with a comprehensive rewards program to drive early participation and ecosystem growth. The protocol has attracted prominent ecosystem participants and leading investors, and the token migration will begin on December 6th at 13:00 UTC.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Everclear DAO Approves Token Migration and New Tokenomics

blockchain registration record for the source press release.